Larsen and Toubro (L&T) has reported a net profit of Rs 991 crore in the third quarter of FY12. Shailesh Kanani, research analyst at Angel Broking says, the company has done very well on the execution front, but margin has taken a hit. “Margins are a shocker; 9.5% is quite lower than the expectation,” he adds.
L&T revised its FY12 order inflow guidance to 5% from 15% earlier. While Shailesh Kanani, senior research analyst of Angel Broking feels the company has had decent order inflow, Lokesh Garg of Kotak Institutional Equities elucidates L&T’s order inflow guidance revision was expected.
Crompton Greaves announced its second quarter FY 12 results. The Crompton Greaves numbers are in line with our expectations, said Shailesh Kanani, research analyst of Angel Broking to CNBC-TV18 in an interview. According to him, the main problem for the company is on the margin front. Angel Broking maintains a neutral rating on the stock.
L&T and Sadbhav Engineering are continue to remain outperformer, says Shailesh Kanani, Angel Broking.
In an interview with CNBC-TV18, Shailesh Kanani, Angel Broking said the earning was a miss for most of the infrastructure companies, barring few companies.
Avoid Punj Lloyd, says Shailesh Kanani, Angel Broking.
Speaking to CNBC-TV18, Shailesh Kanani, Sr. Research Analyst of Angel Broking, said that L&T's order inflow data will prove as an important parameter in determining its Q4 results.
Infrastructure stocks have taken the biggest beating on the Nifty. SP Tulsian of sptulsian.com and Shailesh Kanani of Angel Broking, in an interview on CNBC-TV18 discussed the fortunes and financials of different infra stocks.
Buy Larsen and Toubro (L&T), says Shailesh Kanani, Research Analyst, Angel Broking.
In an interview with CNBC-TV18, independent market strategist, Rajesh Jain, and Shailesh Kanani, Research Analyst, Angel Broking gave their perspective on what they expect some largecap stocks to do going forward.